Landlords welcome thermal insulation drive
The government's planned Green Deal, which aims to deliver energy-saving upgrades such as installing thermal insulation to the UK's 26 million homes, has been welcomed by the National Landlords Association (NLA).
David Salusbury, the organisation's chairman, said the proposed scheme would create an "innovative new avenue" for property owners to invest in improving the environmental performance of their assets, while simultaneously cutting fuel bills for their tenants.
Earlier this week, energy and climate change minister Chris Huhne said the Green Deal would see homes improved in three stages.
First, they would receive an independent energy assessment to identify the most effective measures for reducing heat loss and power consumption.
Approved Green Deal lenders would then provide up to £6,500 to have accredited tradesmen and installers carry out the work.
Finally, the loan would be paid back in the long term using savings on energy bills.
Mr Huhne said the scheme could create up to 100,000 jobs for insulation installers by 2015.
Legislation to formally establish the Green Deal will be put before parliament next month.